Ideal Business Consultants

Potentially Worst Week in a year

15 July 2011

With debt crisis looming in the United States, Europe scrambling with Greece debt crisis, Spain and Italy fiscal uncertainty and no changes with index futures on Friday Wall Street may be heading for its worst week in nearly a year.

European banks need more capital to withstand a prolonged recession in the Union.  As Greece sorts out its challenges and the expectation that Italy and Spain may be next in line with debt and fiscal challenges sure to push the Union to a prolonged recession volatility looms in the market.  Analysts expect the roller coaster ride to continue as it has since the beginning of Spring.

Hopefully, Congress and the President can sort through their differences and come to an agreement to avoid default, corporate earnings show some signs of growth and Europe stress test withstands the pressure.

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